Sales Forecasting: Convergytics forecasting solution improved planning and reduced stock outs and lost sales scenarios

A leading home improvement retailer based in Asia needed forecasting and reconciliation models that will accurately predict daily and intra-week sales for better planning. They also wanted to understand the drivers of sales and the contributions of various factors.

• The model was implemented at store DC level
• Improved inventory planning
• Reduced stock outs
• Better long-term forecast and planning capability

• 4% Reduction in loss of sales due to stock out
• Reduced inventory holding cost by 7%